STORY OF THE DAY
Investment market sentiment survey: Results published

Story of the week

News Investment market sentiment survey: Results published
22
Sep
2023

Investment market sentiment survey: Results published

by Ákos Budai
Property Forum published the results of its investment market sentiment survey at CEE Property Forum 2023 in Vienna yesterday. The results, providing an overview of market expectations across the region, are now available online.
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Investment

News DAFA FLE industrial investment Poland warehouse
22
Sep
2023

FLE acquires 3rd asset in CEE in 2023

by Property Forum
FLE has successfully signed and closed the acquisition of the ca. 12,500 sqm DAFA warehouse and light production facility in Natolin (Grodzisk Mazowiecki Region), located in Warsaw logistic Zone II. The transaction was construed as a sale and long-term lease back. The price has not been disclosed. 
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Meta Estate Trust invests in Redport Capital Prague Archbishopric to sell Jindřiška Tower and hotel Echo Investment to focus more on PRS in Poland

Industrial

News Hungary industrial Infogroup warehouse
22
Sep
2023

Infogroup to extend JABIL's site in Hungary

by Property Forum
Industrial manufacturer giant JABIL expands its warehouse and production capacity in Hungary. The firm will get an extended production site at the regional city of Tiszaújváros in the Eastern part of the country. The large facility is being developed by the Hungarian company Infogroup.
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Accolade to start new warehouse project in Upper Silesia Panattoni completes large BTS near Gliwice CTP on track to reach 20 million sqm GLA before 2030

Office

News Gdańsk office Poland TriCity Walter Herz
21
Sep
2023

Walter Herz becomes sole agent of CUBE Office Park in Gdańsk

by Property Forum
TFG Asset Management, a company providing services to the owner of the building - GNT Ventures Gdańsk, has chosen Walter Herz as sole agent for the lease of space in CUBE Office Park complex, located at Pałubickiego Street in Gdańsk. The cooperation includes the commercialization of office buildings offering a total leasable area of over 19.7 thousand sqm.
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Forte Partners completes new office building in Bucharest Number of Czech ready-made offices grows CA Immo finishes new park in Prague Karlín

Retail

News Cushman&Wakefield Poland retail vacancy
21
Sep
2023

Polish retail vacancy rates fall

by Property Forum
According to the latest data from Cushman & Wakefield, the average retail vacancy rate in Poland’s largest cities currently stands at 3.5%, down by 1.2 pp year-on-year. More importantly, falls were recorded in six out of the eight largest cities, with the availability of retail space at the lowest in Kraków, Łódź and Szczecin. This suggests a gradual retail recovery in Poland, says Cushman & Wakefield. Meanwhile, as the market continues to stabilize, retail landlords should increasingly turn their focus onto diversifying their offer.
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Złote Tarasy attracts more new tenants to Warsaw AFI Europe gets LEED Gold certification for Bucharest mall

Residential

News Poland Poznań PRS rental residential Vastint
21
Sep
2023

Vastint launches its first PRS project in Poland

by Property Forum
Vastint Poland is launching its first project in the Private Rented Sector (PRS). The Pastelowo estate will be built on Pastelowa Street in Poznań, in the immediate vicinity of the Business Garden complex. The development includes 255 apartments, which will be entirely for long-term rental. The project will be ready in early 2025, at which time the first contracts with future tenants are scheduled to be signed.
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Alto Real Estate opens competition for new Bratislava project UDI Group builds flats in Latin America Trikaya to build more than 1000 new flats in Brno

Hotel

News hotel Mircea Cotiga Poiana Brașov Rock Development Romania
21
Sep
2023

Rock Holding gets permit for hotel in Poiana Brașov

by Property Forum
Romanian company Rock Development Holding has obtained the construction permit for its first five-star hotel in Poaiana Brașov which will attract an investment of €70 million.
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New Hampton by Hilton hotel opens in Budapest Accor and PHH Group cooperate on Mövenpick brand in Poland Marriott debuts new brand in Croatia

Interview

News Czech Republic industrial interview iO Partners logistics supply chains
20
Sep
2023

Improving ease of doing business in CEE to attract more occupiers

by Property Forum
While net industrial take-up is down compared to 12-18 months ago, we are seeing a large uptick in enquiries across CEE for strategic production spaces across the automotive, pharmaceuticals, and electric vehicle battery production sectors. James Fitzgerald, Director, Head of Industrial Agency at iO Partners Czechia talked to Property Forum about the main drivers of the CEE industrial market.
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Local players in CEE remain highly competitive Demand for nearshoring is weaker than expected Variability is key to saving costs in FM

Report

News Dennis Selinas Globalworth industrial logistics Poland Romania
19
Sep
2023

Globalworth sees 5.6% gain in net operating income in H1 2023

by Property Forum
Globalworth has recorded a net operating income of €73.7 million in the first half of 2023, up by 5.6% compared to the same period of last year, while the development pipeline includes industrial projects in Romania and the refurbishment of mixed-use projects in Poland. 
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Wing publishes second ESG report Land deals in Romania at €250 million in H1 2023 New Immo Holding posts revenue gain in H1 2023

Career

News advisory ESG Hungary Knight Frank
19
Sep
2023

Melinda Kovács joins Knight Frank Hungary

by Property Forum
Knight Frank Hungary has appointed Melinda Kovács as Associate Director. Specialized in office development and leasing transactions, she has a wide breadth of property knowledge, having gained experience throughout her career by working for international developers such as Skanska and Atenor as well as real estate advisory firms.
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Cushman & Wakefield Slovakia appoints new Managing Partner CBRE expands ESG team in continental Europe iO Partners announces Office Advisory promotions in Romania

Economy

News economy food Hungary inflation services
08
Aug
2023

Hungarian inflation falls below 20% but still remains highest in CEE

by Property Forum
Consumer prices in Hungary were 17.6% higher on average in July 2023 than a year earlier. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 0.3% on average, within which, however, clothing and footwear cost 1.4%, food 0.9% and consumer durables 0.5% less, the Hungarian Central Statistical Office (KSH) reports.
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ESG compliance to appear in the judicial system in Hungary Low-cost ESG measures can’t bring significant improvement Inflation hits record high in Hungary last year

New leases

  • The La Mania boutique has reopened in the Westfield Mokotów shopping centre in Warsaw. Five new brands have also joined the tenants, including Apple and AB Foto.
  • Jula, the Swedish multi-market chain, is planning to open another shop in the Warsaw agglomeration. The new outlet will be established on the site of the San Park Mysiadło retail park currently under construction. The shop will occupy an area of nearly 2,500 sqm.
  • Primark has opened its first shop in Łodź, investing more than €9 million. Łódź Manufaktura is the brand's sixth location in Poland and twelfth in the Central and Eastern European region. Primark in Łódź comprises more than 3,300 sqm of retail space on one floor.

New appointments

  • Nives Grzunov as the Head of Indotek Group for Croatia, effective from September 15, 2023. In this key role, Nives will oversee Indotek's Croatian endeavours under the Dalmatie Group brand.
  • Michał Różycki has taken up the position of director of the land and residential property division at Greenfields, a Polish company that provides advice on land sales and purchase transactions.
  • Nhood Services Poland is expanding its service activities for the commercial real estate industry. Anna Wysocka has been appointed director of New Business Development, responsible for expanding the company's client portfolio in this area.

Latest news


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